v3.25.1
INSURANCE LIABILITIES AND ANNUITY BENEFITS - Changes in Future Policy Benefit Reserves (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Present value of expected future policy benefits        
Net future policy benefit reserves $ 34,467   $ 34,476  
Long-term care        
Present value of expected net premiums        
Balance, beginning of year 4,144 $ 4,063    
Beginning balance at locked-in discount rate 3,991 3,745    
Effect of changes in cash flow assumptions     14 $ 17
Effect of actual variances from expected experience     2 6
Adjusted beginning of year balance     4,007 3,769
Interest accrual 54 51    
Net premiums collected (97) (98)    
Effect of foreign currency 0 0    
Ending balance at locked-in discount rate 3,963 3,721    
Effect of changes in discount rate assumptions 176 211    
Balance, end of period 4,140 3,932    
Present value of expected future policy benefits        
Balance, beginning of year 28,820 30,895    
Beginning balance at locked-in discount rate 27,411 27,190 27,448 27,144
Effect of changes in cash flow assumptions     (69) (7)
Effect of actual variances from expected experience     9 43
Adjusted beginning of year balance     27,388 27,180
Interest accrual 374 368    
Benefit payments (351) (359)    
Effect of foreign currency 0 0    
Ending balance at locked-in discount rate 27,411 27,190    
Effect of changes in discount rate assumptions 1,450 2,465    
Balance, end of period 28,861 29,654    
Net future policy benefit reserves 24,721 25,722 24,675  
Less: Reinsurance recoverables, net of allowance for credit losses (170) (165)    
Net future policy benefit reserves, after reinsurance recoverables $ 24,551 $ 25,557    
Weighted-average duration of liability (years) 11 years 6 months 12 years 4 months 24 days    
Weighted-average interest accretion rate 5.60% 5.60%    
Current discount rate 5.60% 5.20%    
Gross premiums or assessments recognized during period $ 117 $ 123    
Expected future gross premiums, undiscounted 7,448 7,376    
Expected future gross premiums, discounted 4,722 4,794    
Expected future benefit payments, undiscounted 61,449 62,774    
Expected future benefit payments, discounted 28,861 29,654    
Structured settlement annuities        
Present value of expected net premiums        
Balance, beginning of year 0 0    
Beginning balance at locked-in discount rate 0 0    
Effect of changes in cash flow assumptions     0 0
Effect of actual variances from expected experience     0 0
Adjusted beginning of year balance     0 0
Interest accrual 0 0    
Net premiums collected 0 0    
Effect of foreign currency 0 0    
Ending balance at locked-in discount rate 0 0    
Effect of changes in discount rate assumptions 0 0    
Balance, end of period 0 0    
Present value of expected future policy benefits        
Balance, beginning of year 8,426 9,357    
Beginning balance at locked-in discount rate 8,254 8,484 8,301 8,561
Effect of changes in cash flow assumptions     0 0
Effect of actual variances from expected experience     3 (29)
Adjusted beginning of year balance     8,304 8,532
Interest accrual 109 111    
Benefit payments (159) (159)    
Effect of foreign currency 0 0    
Ending balance at locked-in discount rate 8,254 8,484    
Effect of changes in discount rate assumptions 140 425    
Balance, end of period 8,394 8,909    
Net future policy benefit reserves 8,394 8,909 8,426  
Less: Reinsurance recoverables, net of allowance for credit losses 0 0    
Net future policy benefit reserves, after reinsurance recoverables $ 8,394 $ 8,909    
Weighted-average duration of liability (years) 10 years 2 months 12 days 10 years 9 months 18 days    
Weighted-average interest accretion rate 5.40% 5.40%    
Current discount rate 5.50% 5.20%    
Gross premiums or assessments recognized during period $ 0 $ 0    
Expected future gross premiums, undiscounted 0 0    
Expected future gross premiums, discounted 0 0    
Expected future benefit payments, undiscounted 18,432 19,092    
Expected future benefit payments, discounted 8,394 8,909    
Life        
Present value of expected net premiums        
Balance, beginning of year 4,318 4,803    
Beginning balance at locked-in discount rate 4,415 4,773    
Effect of changes in cash flow assumptions     0 0
Effect of actual variances from expected experience     12 (2)
Adjusted beginning of year balance     4,427 4,771
Interest accrual 46 45    
Net premiums collected (74) (70)    
Effect of foreign currency 26 (69)    
Ending balance at locked-in discount rate 4,425 4,678    
Effect of changes in discount rate assumptions (73) (151)    
Balance, end of period 4,352 4,527    
Present value of expected future policy benefits        
Balance, beginning of year 5,336 5,921    
Beginning balance at locked-in discount rate 5,404 5,707 5,411 5,847
Effect of changes in cash flow assumptions     0 0
Effect of actual variances from expected experience     6 (13)
Adjusted beginning of year balance     5,418 $ 5,833
Interest accrual 56 55    
Benefit payments (98) (109)    
Effect of foreign currency 28 (73)    
Ending balance at locked-in discount rate 5,404 5,707    
Effect of changes in discount rate assumptions (47) (126)    
Balance, end of period 5,357 5,581    
Net future policy benefit reserves 1,004 1,054 $ 1,018  
Less: Reinsurance recoverables, net of allowance for credit losses (197) (29)    
Net future policy benefit reserves, after reinsurance recoverables $ 807 $ 1,025    
Weighted-average duration of liability (years) 5 years 2 months 12 days 5 years 3 months 18 days    
Weighted-average interest accretion rate 5.30% 5.20%    
Current discount rate 5.00% 5.00%    
Gross premiums or assessments recognized during period $ 79 $ 79    
Expected future gross premiums, undiscounted 11,350 12,082    
Expected future gross premiums, discounted 5,249 5,446    
Expected future benefit payments, undiscounted 10,314 10,935    
Expected future benefit payments, discounted $ 5,357 $ 5,581